Shared Flashcard Set

Details

MGT 356
Final Exam Nozick
17
Business
Undergraduate 4
05/18/2011

Additional Business Flashcards

 


 

Cards

Term
3 Main principles
Definition
1. Justice in Acquisition
2. Justice in transfer
3. Rectification of injustice
Term
Justice in acquisition
Definition
unowned things in nature, things that nobody owned before and you take possession
Term
Justice in Transfer
Definition
somebody gives you something that they owned and you don't do anything that make them do it (Free of force and fraud)
Term
Rectification of injustice
Definition
if something was taken through force or fraud, the person who has it, is not entitled to it and has to give it back.
Term
which principle is the most important in the business world today?
Definition
Justice in transfer because this is what businesses do as along as it is free of force or fraud
Term
humans fundamental right
Definition
freedom of force (physical force or threat of physical force) and fraud (getting someone to do something that they otherwise wouldn't do through misinformation or withholding information)
Term
Positive Rights
Definition
right to something
Term
Negative rights
Definition
the right to pursue something
Term
Which type of right does Nozick support?
Definition
Negative rights. He believe positive rights violate negative rights. If you are entitled to something, someone would have to give it to you. People have the right to be free of force or fraud
Term
Historical Distribution
Definition
whether a distribution is just depends on how it came about
Term
End Result Distribution
Definition
whether a distribution is just depends on whether it fits some structural principle/pattern
Term
Patterned
Definition
distribution varies along a natural dimension, end result
Term
Unpatterned
Definition
uneven distribution, wealth is constantly changing, historical
Term
What distribution does Nozick Support
Definition
historical and unpatterned
Term
3 main problems
Definition
1. Not a complete moral system
2. property rights are not fully developed (doesnt explain what it means to own something)
3. What date does the entitlement theory start?
Term
Fraud
Definition
getting someone to do something that they otherwise wouldn't do through misinformation or withholding information
Term
Force
Definition
physical force or threat of physical force
Supporting users have an ad free experience!